Mex Group Worldwide Limited v Stewart Owen Ford & Ors

Mex Group Worldwide Limited v Stewart Owen Ford & Ors

Applicants have established an arguable case that the worldwide freezing order caused loss, including business disruption and reputational damage. No special circumstances exist to deny an inquiry. The court orders an inquiry as to damages pursuant to the cross-undertaking.

Parties
Claimant: Mex Group Worldwide Limited; Defendant/applicant: Stewart Owen Ford; Defendant/applicant: Brian Robert Cormack; Defendant: Colm Denis Smith; Defendant: Michael Gollits; Defendant: Melville Consulting Partners Limited; Defendant: Melville Consultancy Limited; Defendant/applicant: Regal Consultancy International Limited; Defendant: CSM Securities SARL; Defendant: Von Der Heydt & Co AG; Defendant: Von Der Heydt Invest SA; Defendant: Mex Securities SARL; Defendant: Viacheslav Volotovskiy
Jurisdiction
England and Wales
Judgment Date
18 March 2026
Procedural Posture
Commercial / Application for Inquiry as to Damages Following Discharge of Worldwide Freezing Order
Outcome
Inquiry as to damages ordered
Legal Topics
Freezing Orders, Cross Undertakings in Damages, Discretion to Order Inquiry, Compensation for Loss, Market Impact of Injunctions
Civil Procedure Equity Commercial Law Freezing Orders Cross Undertakings in Damages Discretion to Order Inquiry Compensation for Loss Market Impact of Injunctions

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Parties

Mex Group Worldwide Limited

Claimant

Stewart Owen Ford

Defendant/applicant

Brian Robert Cormack

Defendant/applicant

Colm Denis Smith

Defendant

Michael Gollits

Defendant

Melville Consulting Partners Limited

Defendant

Melville Consultancy Limited

Defendant

Regal Consultancy International Limited

Defendant/applicant

CSM Securities SARL

Defendant

Von Der Heydt & Co AG

Defendant

Von Der Heydt Invest SA

Defendant

Mex Securities SARL

Defendant

Viacheslav Volotovskiy

Defendant

Procedural Posture

Commercial / Application for Inquiry as to Damages Following Discharge of Worldwide Freezing Order

Legal Issues

  1. 1 Whether an inquiry as to damages should be ordered following discharge of a worldwide freezing order
  2. 2 Whether the applicants have shown an arguable case of loss caused by the freezing order
  3. 3 Whether special circumstances exist to deny an inquiry

Ratio Decidendi

Applicants have established an arguable case that the worldwide freezing order caused loss, including business disruption and reputational damage. No special circumstances exist to deny an inquiry. The court orders an inquiry as to damages pursuant to the cross-undertaking.

Court Disposition

Inquiry as to damages ordered

Orders

  • Inquiry as to damages pursuant to the cross-undertaking in damages is granted in favour of the First, Second, and Seventh Defendants.
  • Quantum and recoverability of losses to be determined at the inquiry stage.